Compass Group (LON:CPG) Price Target Raised to GBX 3,000

Compass Group (LON:CPG - Get Free Report) had its price objective increased by equities research analysts at Berenberg Bank from GBX 2,960 ($40.02) to GBX 3,000 ($40.56) in a research note issued to investors on Tuesday,London Stock Exchange reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price target would indicate a potential upside of 13.21% from the stock's current price.

A number of other equities analysts have also recently issued reports on the stock. Shore Capital reissued a "buy" rating on shares of Compass Group in a report on Tuesday. Citigroup reduced their price objective on Compass Group from GBX 2,850 ($38.53) to GBX 2,700 ($36.50) and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 2,775 ($37.52).

Compass Group Stock Performance

Shares of Compass Group stock opened at GBX 2,650 ($35.83) on Tuesday. The company has a debt-to-equity ratio of 86.56, a quick ratio of 0.86 and a current ratio of 0.74. Compass Group has a 1 year low of GBX 2,263 ($30.59) and a 1 year high of GBX 2,853 ($38.57). The firm's 50-day simple moving average is GBX 2,563.70 and its 200-day simple moving average is GBX 2,609.88. The firm has a market cap of £44.95 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81.

About Compass Group

Compass Group PLC is a world leading food service company, which generated annual revenues of £31.3 billion in the year to 30 September 2023. It serves meals to millions of people in c. 35 countries and employs and engages with c. 550,000 people. The Company specialises in providing food and a range of targeted support services across the core sectors of Business & Industry, Healthcare & Senior Living, Education, Sports & Leisure and Defence, Offshore & Remote, with an established brand portfolio.

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